Co-Founder of Majedie appointed as a Director

Co-Founder of Majedie Asset Management appointed as Non-Executive Director

Berkeley Energia is pleased to announce that Mr Adam Parker has been appointed as an independent Non-Executive Director of the Company effective 14 June 2017.

Mr Parker joins the Company after a long and successful career in institutional fund management in the City of London spanning almost three decades, including being a co-founder of Majedie Asset Management, which today manages assets of approximately £14 billion.

Mr Parker began his career in 1987 at Mercury Asset Management (subsequently acquired by Merrill Lynch and now part of BlackRock) and left in 2002 when he co-founded Majedie Asset Management.

He was instrumental in building Majedie Asset Management into the successful investment boutique that it is today. He managed funds including the Majedie UK Opportunities Fund, the Majedie UK Smaller Companies Fund and a quarter of the Majedie UK Focus Fund, which all outperformed their benchmarks during his tenure.

Mr Parker holds a M.A. Hons in Chemistry from Oxford University and is an Associate of the CFA Society United Kingdom.

Mr Parker retired from Majedie Asset Management in 2015 and has no ongoing input or influence in the management of its investments, including the firm's current ownership of approximately 5.30% of the Company.

Mr Adam Parker (aged 53) has held no directorships in the last five years.

There are no other disclosures required in accordance with Rule 17 or Schedule 2(g) of the AIM Rules.

Paul Atherley, Managing Director, commented:

"We are delighted that Mr Parker has joined our Board, bringing with him a wealth of financial and corporate experience gained over an extensive career in London financial markets.

Mr Parker's appointment reinforces the Company's commitment to create a strong independent and European-focussed Board as it brings the Salamanca mine into production."

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